Bitcoin's price is currently situated in a critical area, and its reaction in the next few days will likely determine the market's direction in the coming
Bitcoin’s price is currently situated in a critical area, and its reaction in the next few days will likely determine the market’s direction in the coming weeks.
If this level holds and the market rises above the 200-day moving average, a rally toward $30K and beyond becomes highly probable. However, failing to do so could result in a potential crash towards the $20K support zone.Examining the 4-hour chart provides further clarity on recent price action. Since breaking out from the large falling wedge pattern, the price has been climbing higher, surpassing the $27,500 resistance level.
This chart displays the 100-day moving average of the Bitcoin Taker Buy Sell ratio, a valuable metric in evaluating sentiment in the futures market. This metric indicates whether buyers or sellers are executing more aggressive orders overall. Values above one are considered bullish, while values below 1 are bearish.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin S-Chain Advances Scalability and Efficiency in the Bitcoin CommunityHere’s how Bitcoin S-Chain leverages advantages of Bitcoin (BTC) and Ethereum (ETH)
Read more »
Two stolen cars recovered, two women arrested at Parkland apartment complexA 15-year-old and an 18-year-old -- both women -- were taken in custody.
Read more »
Will Jung Kook Go Two-for-Two at No. 1 With ‘3D’?In this week’s The Contenders, the BTS alum challenges for a top debut with his Jack Harlow-featuring new single.
Read more »
Jovie Weaver, Keely Bowers help Palmyra field hockey down East PennsboroWeaver had two goals and an assist, and Bowers had two goals.
Read more »
BTC price knocks on $28.5K as trader says Bitcoin 'reeks of disbelief'Bitcoin ignores U.S. dollar strength to continue BTC price gains into October.
Read more »
Bitcoin traders demand ‘slow grind’ up after BTC price drops over 4%Bitcoin retraces its trip to six-week BTC price highs as sellers win out above $28,500.
Read more »